The affect of wealth on rudeness

From and article titled "How Wealth Reduces Compassion" in Scientific American Mind: "[L]uxury car drivers were more likely to cut off other motorists instead of waiting for their turn at the intersection. This was true for both men and women upper-class drivers, regardless of the time of day or the amount of traffic at the intersection. In a different study they found that luxury car drivers were also more likely to speed past a pedestrian trying to use a crosswalk, even after making eye contact with the pedestrian." But why would it be that having a lot of money might lead people to be less compassionate to other people?

The answer may have something to do with how wealth and abundance give us a sense of freedom and independence from others. The less we have to rely on others, the less we may care about their feelings. This leads us towards being more self-focused. Another reason has to do with our attitudes towards greed. Like Gordon Gekko, upper-class people may be more likely to endorse the idea that “greed is good.”

To be fair, many wealthy people are incredibly compassionate and, in fact, many wealthy people are prime movers behind organizations that seek the level the playing field.  The big question, then, is what is going on in the minds of THOSE people that allows them to escape the corrupting influence of money?

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Joseph Stiglitz details the many aspects of economic unfairness

Joseph Stiglitz has written a new book confirming what many of us have been seeing and feeling:

If markets had actually delivered on the promises of improving the standards of living of most citizens, then all of the sins of corporations, all the seeming social injustices, the insults to our environment, the exploitation of the poor, might have been forgiven. But to the young indignados and protestors elsewhere in the world, capitalism is failing to produce what was promised, but is delivering on what was not promised—inequality, pollution, unemployment, and, most important of all, the degradation of values to the point where everything is acceptable and no one is accountable.

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Growing income disparity and its consequences

Joseph Stiglitz has some shocking numbers:

Nowadays, these numbers show that the American dream is a myth. There is less equality of opportunity in the United States today than there is in Europe – or, indeed, in any advanced industrial country for which there are data. This is one of the reasons that America has the highest level of inequality of any of the advanced countries – and its gap with the rest has been widening. In the “recovery” of 2009-2010, the top 1% of US income earners captured 93% of the income growth. Other inequality indicators – like wealth, health, and life expectancy – are as bad or even worse. The clear trend is one of concentration of income and wealth at the top, the hollowing out of the middle, and increasing poverty at the bottom.
This is troubling, but not merely for a sense of mathematical equality or even gut level justice. This is bad news because income disparity hurts people in predictable and demonstrable ways.

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Motherhood and Politics

I don’t have a lot to say about this kerfluffle over the remarks of someone who, as it turns out, is not actually working for Obama regarding Ann Romney never having worked a day in her life.  This kind of hyperbole ought to be treated as it deserves—ignored. But we live in an age when the least thing can become a huge political Thing, so ignoring idiocy is not an option. I remember back in the 1990s a brief flap over Robert Reich.  I’m not certain but I believe it was Rush Limbaugh who started it by lampooning the Clinton Administration’s Secretary of Labor for “never having had a real job in his life.”  Meaning that he had gone from graduation into politics with no intervening time served as, at a guess, a fast-food cook or carwasher or checker at a WalMart.  Whatever might qualify as “real” or as a “job” in this formulation.  In any event, it was an absurd criticism that overlooked what had been a long career in law and as a teacher before Clinton appointed him.  It’s intent was to discredit him, of course, which was the intent of the comments aimed at Mrs. Romney by asserting that she has no idea what a working mother has to go through. A different formulation of the charge might carry more weight, but would garner less attention.   It is true being a mother has little to do with what we regard as “gainful employment” in this country: employees have laws which would prevent the kinds of hours worked (all of them, on call, every day including weekends and holidays) for the level of wages paid (none to speak of) mothers endure. Hilary Rosen raised a storm over remarks aimed at making Mrs. Romney appear out of touch with working mothers.  A more pointed criticism might be that Mrs. Romney does not have any experience like that of many women who must enter employment in order to support themselves and their families, that a woman who can afford nannies (whether she actually made use of any is beside the point—the fact is she had that option, which most women do not) can’t know what working mothers must go through. But that’s a nuanced critique and we aren’t used to that, apparently.  Soundbite, twitter tweets, that’s what people are used to, encapsulate your charge in a 144 characters or less, if we have to think about it more than thirty seconds, boredom takes over and the audience is lost. Unfortunately, the chief victims then are truth and reality. So the president gets dragged into it for damage control and the issue becomes a campaign issue. Which might not be such a bad thing.  We could stand to have a renewed conversation about all this, what with so many related issues being on the table, given the last year of legislation aimed at “modifying” women’s services and rights.  Whether they intended it this way or not, the GOP has become saddled with the appearance of waging culture wars against women, the most recent act being Governor Scott Walker of Wisconsin’s repeal of that state’s equal pay law.  Romney is the presumptive nominee for head of that party and one of the things he’s going to have to do if figure out where he stands on these matters and then try to convince the country that he and his party are not anti-woman. Yes, that’s hyperbolic, but not by much.  This is where the culture wars have brought us—one part of society trying to tell the other part what it ought to be doing and apparently prepared to enact legislation to force the issue.  Ms. Rosen’s remarks, ill-aimed as they were, point up a major policy problem facing the GOP and the country as a whole, which is the matter of inequality. That’s become a catch-all phrase these days, but that doesn’t mean it lacks importance.  The fact is that money and position pertain directly to questions of relevance in matters of representation.  Ann Romney becomes in this a symbol, which is an unfortunate but inevitable by-product of our politics, and it is legitimate to ask if she can speak to women’s concerns among those well below her level of available resource and degree of life experience. The problem with all politics, left, right, or center, is that in general it’s all too general.  Which is why Ms. Rosen’s remarks, no matter how well-intentioned or even statistically based on economic disparities, fail to hit the mark.  She can’t know Ann Romney’s life experience and how it has equipped her to empathize with other women.  Just as Ann Romney, viewing life through the lens of party politics, may be unable to empathize with women the GOP has been trying very hard to pretend are irrelevant. Like with Robert Reich’s critics, it all comes down to what you mean by “real” and “work.”  And that’s both personal and relative. Isn’t it?

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Mitt Romney earns $21M, pays 13% in taxes

Robert Reich argues that it is grossly unfair that Mitt Romney earns $21M, but pays only 13% in taxes. He argues that many private-equity, hedge-fund, and pension-fund managers are often playing "con games" that screw the American taxpayers. He offers several solutions:

1. Don't allow private-equity managers to treat their income as capital gains, taxed at 15 percent. Treat this income as ordinary income. 2. Hold them to a "due diligence" standard, so the Pension Guaranty Corporation can claw back bonuses. 3. Raise the capital-gains rate to match the tax rate on ordinary income. 4. Resurrect Glass-Steagall.

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